Magnolia Educational & Research Foundation Board Resolutions May 2026
MERF adjusts $1.31M loan to MSA-7
Trusted by teams at
Description
MERF amended its approximately $1.31 million intra-organization loan to Magnolia Science Academy-7, setting 4.0% interest and deferring payments until mid-2027. Quarterly repayments will run through loan maturity on June 30, 2032.
Contract Details
Contract Amount
approximately $1,308,806.85 outstanding principal
Vendor
MAGNOLIA SCIENCE ACADEMY-7
Agency
Magnolia Science Academy Bell District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Interest from January 1, 2026; no payments due January 1, 2026–June 30, 2027; quarterly payments starting July 15, 2027; loan matures June 30, 2032
Renewal Date
2032-06-30
Renewal Info
Amended existing intra-organization loan from MERF to MSA-7 to revise interest and repayment schedule, with payment deferral until June 30, 2027 and maturity on June 30, 2032; other original terms remain effective.
More from MAGNOLIA SCIENCE ACADEMY-7
Related Contracts
Magnolia Public Schools AgendaPacket Approval of Resolutions for Restructuring and New Intra-Organization Loans 2026-05-21
AMENDEDMagnolia Public Schools Intraorganization Loan Agreements May 2026
AMENDEDMore from Magnolia Science Academy Bell District
Magnolia Educational & Research Foundation Board Resolutions May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.